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RANGE Breaker Method

  • #341
  • Sep 2, 2011 8:58am Sep 2, 2011 8:58am
Heh. 1 minute is way too fast for me.
I still barely keep up with 5 min.
Probably comes with screen time and experience.
But I'm ok with my +10 pips for now
  • #342
  • Sep 2, 2011 9:01am Sep 2, 2011 9:01am
Looks like we might get a reversal. This whole situation was a big stop run in my opinion. The 30 min gave a nice pin bar. Lets see what happens.

Quoting Giansar
Heh. 1 minute is way too fast for me.
I still barely keep up with 5 min.
Probably comes with screen time and experience.
But I'm ok with my +10 pips for now
  • #343
  • Edited 9:10am Sep 2, 2011 9:07am | Edited 9:10am
Quoting Razorman
I got in off the 1 min on that same setup. It is good to watch the 1 min too

just used the 1min on GU down to the RN for +9. Thx for the reminder.
Attached Image (click to enlarge)
Click to Enlarge Name: GUDIV020911b.GIF Size: 116 KB
  • #344
  • Sep 2, 2011 9:12am Sep 2, 2011 9:12am
Hey sidefx,

You should be very careful with just taking any div setup. On the one you posted there is no good bar formation. What you have there is an inside bar.
Those work sometimes but in my experience it is better in the long run to stick to either pin or outside bars. So be careful.


Quoting sidefx
just used the 1min on GU down to the RN for +9. Thx for the reminder.
  • #345
  • Sep 2, 2011 9:15am Sep 2, 2011 9:15am
Quoting Razorman
Hey sidefx,

You should be very careful with just taking any div setup. On the one you posted there is no good bar formation. What you have there is an inside bar.
Those work sometimes but in my experience it is better in the long run to stick to either pin or outside bars. So be careful.
Thank you, i will. I saw the pin like candle before the IB and took that as a cue, as the wick was a test of pre-NFP support on the 1min.
  • #346
  • Sep 2, 2011 9:15am Sep 2, 2011 9:15am
Thanks Adilius,

Stick around, things are getting interesting.

Quoting Adilius07
This was an awesome trade!
  • #347
  • Sep 2, 2011 9:27am Sep 2, 2011 9:27am
All the time frames I can see are showing a good trade in the making .. I grabbed the same trade on the 1 minute now going to wait out the higher time frames to see a set up there for a much bigger retrace .. This could get interesting. Don't jump the gun, we've had a strong down move from the 1.45 area over the last few days, but it is looking rather like it is about to head back up some of the way.


edit: and for extra confirmation (perhaps the strongest signal yet) the EURUSD thread seem to be shorting in spades, and we all know the average retailer buys at the top and sells at the bottom (and loses) ;D heheheh .. (harsh, but true)
  • #348
  • Sep 2, 2011 9:31am Sep 2, 2011 9:31am
Yep when price heads in one direction for so long it is bound to make retracement sooner or later.

Quoting AlanB
All the time frames I can see are showing a good trade in the making .. I grabbed the same trade on the 1 minute now going to wait out the higher time frames to see a set up there for a much bigger retrace .. This could get interesting. Don't jump the gun, we've had a strong down move from the 1.45 area over the last few days, but it is looking rather like it is about to head back up some of the way.


edit: and for extra confirmation (perhaps the strongest signal yet) the EURUSD thread seem to be shorting in spades, and we all know the average...
  • #349
  • Sep 2, 2011 10:25am Sep 2, 2011 10:25am
I have been trading the 89t cl chart with a few modifications, mainly because you dont always have the price divergence the same way...so for price I am looking for 3 things / options (it is 1 or 2 or 3, not 1 and 2 and 3) -- RSI must always have divergence...
I am trading both regular and hidden divergence

1. divergence as Razorman teaches
2. double top or bottom with a bar that has no body or is engulfing...
3. engulfing bar or bar with no body

it is pretty simple... you must be quick on the trigger
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-02_1000.png Size: 132 KB
  • #350
  • Sep 2, 2011 10:30am Sep 2, 2011 10:30am
Nice chart. I would have taken that last one as well. At the far right on the chart the double top with the pin bar

Quoting trippenlatin
I have been trading the 89t cl chart with a few modifications, mainly because you dont always have the price divergence the same way...so for price I am looking for 3 things / options (it is 1 or 2 or 3, not 1 and 2 and 3) -- RSI must always have divergence...
I am trading both regular and hidden divergence

1. divergence as Razorman teaches
2. double top or bottom with a bar that has no body or is engulfing...
3. engulfing bar or bar with no body

it is pretty simple... you must be quick on the trigger
  • #351
  • Sep 3, 2011 1:24am Sep 3, 2011 1:24am
Hi, Razorman.
Very interesting approach to trade. And you can write down video with the detailed description of trading models which use. What should be structure of movement, turn model, etc. And that to me is not absolutely clear, what models you trade, and what are not present.
  • #352
  • Sep 3, 2011 11:05am Sep 3, 2011 11:05am
I am sorry, I do not understand what you are asking?

Quoting pzero41
Hi, Razorman.
Very interesting approach to trade. And you can write down video with the detailed description of trading models which use. What should be structure of movement, turn model, etc. And that to me is not absolutely clear, what models you trade, and what are not present.
  • #353
  • Sep 3, 2011 11:16am Sep 3, 2011 11:16am
Hi, Razorman.
I do not speak English. I use a translator
How do you define force of reversal pattern?
  • #354
  • Sep 3, 2011 11:29am Sep 3, 2011 11:29am
what do you mean by force?

Quoting pzero41
Hi, Razorman.
I do not speak English. I use a translator
How do you define force of reversal pattern?
  • #355
  • Sep 3, 2011 3:32pm Sep 3, 2011 3:32pm
Quoting pzero41
Hi, Razorman.
I do not speak English. I use a translator
How do you define force of reversal pattern?
Oh, this is going to be difficult.
I am not sure you will be able to understand the system via an automatic translator. I wish I could help with the language barrier. I learned some Russian and Ukrainian but it was 20 years ago and long gone from my memory.
I suppose there is no chance you know any Polish?
  • #356
  • Sep 4, 2011 10:10am Sep 4, 2011 10:10am
Hi Razorman,

May I ask your opinion on this one. Let's forget for a minute the Price and just look at the indicator.

Will you consider the RSI here as showing the divergence? I am asking this because the RSI itself is still positive and there was no turn downwards for the RSI. So theoretically it could still go up.

But at the same time it is lower than the previous RSI's high... so is it a divergence or not? How you deal with this situations?

Thank you!
Adi
Attached Image
  • #357
  • Sep 4, 2011 3:49pm Sep 4, 2011 3:49pm
Hey Adilius,

If that bar has closed and the rsi looks like that then that is a valid situation.

However i have tested my method on forex pairs only. I can not speak for stocks.

Quoting Adilius07
Hi Razorman,

May I ask your opinion on this one. Let's forget for a minute the Price and just look at the indicator.

Will you consider the RSI here as showing the divergence? I am asking this because the RSI itself is still positive and there was no turn downwards for the RSI. So theoretically it could still go up.

But at the same time it is lower than the previous RSI's high... so is it a divergence or not? How you deal with this situations?

Thank you!
Adi
  • #358
  • Sep 4, 2011 3:57pm Sep 4, 2011 3:57pm
Quoting Razorman
Hey Adilius,

If that bar has closed and the rsi looks like that then that is a valid situation.

However i have tested my method on forex pairs only. I can not speak for stocks.
Thank you very much for reply! I am still testing this, but the more I do it the more I like it
  • #359
  • Sep 4, 2011 5:51pm Sep 4, 2011 5:51pm
What is the volume on that bar Adi?

Quoting Adilius07
Thank you very much for reply! I am still testing this, but the more I do it the more I like it
  • #360
  • Sep 4, 2011 9:51pm Sep 4, 2011 9:51pm
Quoting Razorman
What is the volume on that bar Adi?
I don't know Razorman, I don't watch volume, as it is anyway SUPER liquid, compared to the stocks I trade here on the local market

I watch only those traded on the major US Exchanges, so the volume is automatically enough. And those things like VSA I don't believe anymore after studying it for some time...
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